Owning a Storage Facility

When contemplating owning a storage facility, consider the daily life associated with this type of investment. Initially, owners may be heavily involved, but over time, it can become a hands-off business.

There is no single way to own and run a self-storage business. You have several options for managing your facility:

• On-Site Management: Manage the facility from an office within the facility.
• Remote Management: Operate from an existing business or even via cell phone.
• Hired Management: Hire a manager to handle all day-to-day operations.

With automatic gate entry and security systems, renters can enter and exit the facility at their convenience. Payment options are flexible, including automatic credit card payments, ATM-style kiosks, or secure mailboxes for checks. For smaller facilities, you can schedule appointments to show units and maintain the property on a flexible schedule.

The appeal of self-storage is that your level of involvement is entirely up to you. Whether you prefer a hands-on approach or a more passive role, owning a self-storage facility can be tailored to suit your needs and lifestyle.